The U. S. Census Bureau compiles data on family income and summarizes its findings in Current Population

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The U. S. Census Bureau compiles data on family income and summarizes its findings in Current Population Reports. The table below is a frequency distribution of the annual incomes for a random sample of U. S. families. Find an estimate of the probability that a randomly selected U. S. family has an income between $ 60,000 and $ 199,999.
Frequency Income (in thousands) FamIncomes Under $ 20,000 11,470 $ 20,000€“$ 39,999 17,572 $ 40,000€“$ 59,999 14,534 $ 60,000€“$ 79,999 11,410 $ 80,000€“$ 99,999 7,535 $ 100,000€“$ 199,999 11,197 $ 200,000 and above 2,280 75,998
The U. S. Census Bureau compiles data on family income
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Essentials Of Business Statistics

ISBN: 9780078020537

5th Edition

Authors: Bruce Bowerman, Richard Connell, Emily Murphree, Burdeane Or

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